Assume that the price of a bottle of wine in 1990 was 3.50 and in 2012 it

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Assume that the price of a bottle of wine in 1990 was

€3.50 and in 2012 it is €8.50. Further assume that the price index in 1990 was

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Economics

ISBN: 9781408093795

3rd Edition

Authors: Mark P. Taylor, N. Gregory Mankiw

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